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Michigan spin-out goes off on a tangent

Feb 18, 2014 •

Tangent Medical agrees $5m senior debt credit facility from GE Capital Healthcare Financial Services for Europe push.

Michigan medtech spin-out Tangent Medical has secured a $5m senior debt credit facility ahead of a push to sell its catheter technology in Europe.

GE Capital Healthcare Financial Services, the healthcare investment focused wing of General Electric’s venture unit, are supporting the facility. To date, Tangent has attracted $13.1m in venture funding.

Tangent expects to receive the CE Mark for its NovaCath catheter technology sometime this quarter, and has already been given the go ahead to enter the UK from…

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